According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- NinjaTrader
- Following the affiliates’ terms
- Trade through affiliates
Our Evaluation of Ninjatrader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Ninjatrader is a reliable broker with the TU Overall Score of 7.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ninjatrader clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
Ninja Trader is a highly customized broker that will attract traders looking for direct entries to the US stock market.
How we tested Ninjatrader
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Ninjatrader
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- availability of algorithmic trading using proprietary systems; there are more than 850;
- proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex).
- high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker);
- the initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market;
- the broker is tailored exclusively for the US futures and options markets;
- a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required;
- chat and phones contacts are missing;
- there are cases of neglect of client risks. Ninja Trader was fined in 2014 by its regulator for irregularities under its rules.
TU Expert Verdict
Chief Analytics Officer
Ninjatrader provides access to trading Forex, futures, and options through its proprietary NinjaTrader platform, specializing in the U.S. derivatives markets. The broker is regulated by the U.S. National Futures Association and offers Futures and Forex accounts, with minimum deposits of $400 and $50 respectively, and supports USD and EUR as account currencies. Ninjatrader appeals to experienced traders seeking direct market access to major U.S. exchanges such as CME, CBOT, and NYMEX, and offers support for algorithmic trading with over 850 proprietary systems. Deposits and withdrawals can be made by bank transfer, check, bank card, or PayPal.
A few disadvantages are high trading costs, as commissions include fees from exchanges, partner brokers, and other providers. The high minimum deposit for futures, a lack of focus outside U.S. markets, and the requirement for strong knowledge of derivatives trading may deter beginners. Ninjatrader may be suitable for experienced traders focused on U.S. futures, but may not be ideal for novices or those seeking a broad multi-asset offering.
- You're keen on using NinjaTrader for your trading activities. This broker supports integration with NinjaTrader, offering a dedicated platform designed for it. This compatibility ensures smooth trading experiences for NinjaTrader users.
- You prefer algorithmic trading. This broker has you covered with access to over 850 proprietary algorithms. These algorithms provide a wide range of trading strategies to suit various preferences and market conditions, allowing for more automated and systematic trading approaches.
- You want to refrain from high initial deposit requirement. While the initial deposit requirement starts at a reasonable $400, it's important to note that this amount doesn't cover fees associated with trading on the US stock market. Be prepared for additional fees beyond the initial deposit.
- You look for broker with focus on countries other than the US, as this broker primarily focuses on the US futures and options markets. If your trading interests extend beyond these markets or if you prefer a more diversified portfolio, you may find limited options with this broker's market focus.
Ninjatrader Summary
Your capital is at risk.
| 💻 Trading platform: | NinjaTrader, other client platforms |
|---|---|
| 📊 Accounts: | Futures account, Forex account, affiliates’ accounts |
| 💰 Account currency: | EUR, USD |
| 💵 Deposit / Withdrawal: | Bank transfer, check, bank card, PayPal |
| 🚀 Minimum deposit: | For futures - $400, for Forex - $50 |
| ⚖️ Leverage: | Following the affiliates’ terms |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | According to exchange specification |
| 💱 EUR/USD spread: | Following exchange specifications and affiliates' terms and conditions |
| 🔧 Instruments: | Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
| 💹 Margin Call / Stop Out: | By the affiliates’ terms |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | No data |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Following the affiliates’ terms |
| ⭐ Trading features: | Trade through affiliates |
| 🎁 Contests and bonuses: | No |
Trading conditions for traders are quite tough due to high trading costs. In addition to brokerage fees, there are exchange rate fees and transaction costs
Ninjatrader Key Parameters Evaluation
Video Review of Ninjatrader
Trading Account Opening
Before opening an account with Ninja Trader, be sure to register on the Traders Union rebate service website. It's free and will help offset some of the trading costs in the future.
Next steps:
Press the "Open an account" button on the main page of the site. Select the task for which the account is opened.
Select a country. Ninja Trader does not provide direct services, therefore, to open an account, you need to follow the link to the broker-partner’s website and open an account with it there.
Note: There is no personal account on the Ninja Trader website.
Is Ninjatrader Safe?
Information
NinjaTrader is regulated by the US National Futures Association (NFA, 0309379).
Advantages
- NFA is one of the most authoritative regulators in the world
- Segregation of accounts
Disadvantages
- Legal and financial barriers to resolving problematic issues
Commissions and Fees
Experts at Traders Union have analyzed NinjaTrader conditions for explicit and implicit fees. There are no hidden fees. Since the broker is an intermediary on the US and European stock exchanges, it is not responsible for the level of the spread and there is no data on the site. There are additional commissions of exchanges, banks, partners, and brokers-partners.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Futures | $50 for ‘mini’ contracts | Yes |
| Options | From $0,59 |
Comparative analysis of NinjaTrader commissions with other brokers was not conducted because the broker works through partners.
Account Types
NinjaTrader provides access to the Forex and derivatives markets.
Account types:
It is possible to test some of the platform's functions for free.
Deposit and Withdrawal
-
Deposit and withdrawal of funds are carried out through the accounts of brokers-partners (inter-broker transfer) or wire transfer.
-
There are several options for depositing and withdrawing money: bank transfer, check, bank card, PayPal.
Investment Options
NinjaTrader investment programs are represented by automated trading systems. There are more than 1000 systems in the broker's arsenal.
Ninja Trader trading systems
Ninja Trader has developed professional automatic trading systems powered by algorithms that independently open trades on a client's trading account. Their features:
-
simultaneous use of several algorithmic systems on one account is allowed;
-
use of systems allows you to diversify risks using different markets and instruments;
-
for each system, data is presented: start date, ratio of profitable and unprofitable trades, profitability, profit factor, ROI, and other criteria by which they can be sorted and grouped.
Some systems have been in operation for over 10 years. After verification of the account, each person can connect to an unlimited number of systems making up a diversified portfolio. There is no commission for connecting to platforms.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Ninjatrader affiliate program
The broker is interested in attracting professional traders with large capital, aimed at long-term cooperation. Therefore, the channel of affiliate programs, which is more suitable for attracting novice traders, is not used.
Customer Support
Information
There are several ways to contact support:
-
through the support services of brokers and partners;
-
by email;
-
via the chat forum;
-
using the feedback form.
Contacts
| Foundation date | 2003 |
|---|---|
| Registration address | 363 W. Erie Street, Suite 450, Chicago, IL 60654, Fax: 312.329.9888 |
| Regulation | NFA |
| Official site | ninjatrader.com |
| Contacts |
+1-800-496-1683
|
Education
Information
Ninja Trader positions itself as a stockbroker for professional traders, so there are almost no training materials on the site.
Detailed Review of Ninjatrader
Ninja Trader is one of the leading developers of trading software for the stock and foreign exchange markets. The second area of work is the provision of intermediary services for access to the leading stock exchanges of the USA and Europe.
A few numbers about Ninja Trader:
-
more than 60 thousand traders around the world;
-
more than 450 vendors;
-
coverage of countries - over 150.
Ninja Trader is a professional software developer for the stock markets.
There is a mixed opinion about NinjaTrader. The presence of an NFA (0309379) license and direct access to the US and European stock exchanges is a definite advantage. But on the other hand, there is almost no information on the trading accounts and conditions on the broker's website. Ninja Trader is only an intermediary working through other brokerage companies. This can be judged by indirect facts , that is by the brokers indicated on the site acting as intermediaries to transfer money, and access technologies. Although there is no direct information that Ninja Trader is not listed on exchanges.
Due to the inflated commissions because of the intermediaries, it seems that Ninja Trader is a software developer for trading. Brokerage services are rather an additional type of activity, the purpose of which is to attract investors to test the developed platforms. Earlier this site had information about spreads and commissions, but now its information content is reduced to a minimum. It also remains unclear how Ninja Trader's trading conditions correlate with those of its brokers-partners.
Useful NinjaTrader services:
-
platforms Ninja Trader 7 and Ninja Trader 8 are the main promoted products of this broker;
-
a graphical analysis application that allows you to visualize markets and track order flows with market depth;
-
own APIs for trading platforms.
Advantages:
Ninja Trader platform is one of the best for the stock market in terms of functionality;
regulation of NFA, which is one of the most reputable regulators in the world.
Articles that may help you
Check out our reviews of other companies as well
